MUSQ vs. SAGP ETF Comparison

Comparison of MUSQ Global Music Industry ETF (MUSQ) to Strategas Global Policy Opportunities ETF (SAGP)

MUSQ

MUSQ Global Music Industry ETF

MUSQ Description

The index is comprised of publicly-traded global companies that generate at least 50% of their annual revenue or $1 billion in annual sales from one or more of the sub-segments of the global music industry. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Global Music Investments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.85

Average Daily Volume

1,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SAGP

Strategas Global Policy Opportunities ETF

SAGP Description

Strategas Global Policy Opportunities ETF is an exchange traded fund launched by The Advisors' Inner Circle Fund III. The fund is co-managed by Strategas Asset Management, LLC and Vident Investment Advisory, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. Strategas Global Policy Opportunities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.16

Average Daily Volume

2,922

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MUSQ	SAGP
30 Days	1.46%	0.82%
60 Days	5.59%	1.94%
90 Days	0.83%	2.43%
12 Months	-0.63%	24.55%

0 Overlapping Holdings

	Symbol	Grade	Weight in MUSQ	Weight in SAGP	Overlap

MUSQ Overweight 15 Positions Relative to SAGP

Symbol	Grade	Weight
AMZN	C	5.56%
GOOGL	C	5.31%
SPOT	B	4.87%
SONY	B	4.82%
AAPL	C	4.79%
IHRT	B	4.05%
LYV	A	3.75%
SONO	C	3.25%
WMG	D	3.24%
EDR	A	3.1%
DLB	B	3.09%
TSQ	D	3.05%
TME	D	2.96%
MSGE	F	2.75%
RSVR	B	1.41%

MUSQ Underweight 78 Positions Relative to SAGP

Symbol	Grade	Weight
AXON	A	-2.97%
FICO	B	-2.39%
LDOS	C	-2.35%
PODD	C	-2.3%
INCY	C	-2.23%
IP	A	-2.19%
FOXA	A	-2.02%
DPZ	C	-2.01%
HON	C	-2.0%
GD	D	-1.93%
VRTX	D	-1.91%
YUM	D	-1.86%
NOC	D	-1.85%
EMN	C	-1.85%
LMT	D	-1.83%
VRSN	C	-1.82%
MO	A	-1.81%
TXT	D	-1.8%
ETSY	D	-1.79%
DVA	C	-1.77%
EW	C	-1.76%
BGNE	D	-1.75%
AOS	F	-1.68%
MTCH	D	-1.57%
BIIB	F	-1.52%
HII	F	-1.36%
LYB	F	-1.34%
NVS	F	-1.34%
LOGI	D	-1.33%
GEO	B	-0.38%
CXW	C	-0.34%
CENX	B	-0.32%
MP	C	-0.3%
MD	C	-0.28%
MASI	B	-0.27%
NGVT	B	-0.27%
CEIX	A	-0.26%
RMBS	B	-0.26%
IDCC	B	-0.26%
EXEL	B	-0.26%
ARCH	B	-0.25%
DVAX	C	-0.24%
SLVM	B	-0.24%
HQY	A	-0.24%
LRN	A	-0.24%
SAIC	F	-0.23%
FHI	B	-0.23%
LSCC	D	-0.23%
AVAV	C	-0.23%
MATX	C	-0.23%
ATGE	B	-0.23%
SEM	B	-0.22%
PRI	B	-0.22%
PRDO	B	-0.22%
DBX	B	-0.22%
PBI	B	-0.22%
YELP	C	-0.21%
RAMP	B	-0.21%
MTRN	C	-0.21%
AIR	B	-0.2%
FLR	B	-0.2%
SMG	C	-0.2%
CC	C	-0.2%
GKOS	B	-0.2%
ADUS	D	-0.19%
HRMY	D	-0.19%
STRA	C	-0.19%
MMS	F	-0.19%
NBIX	C	-0.19%
AMED	F	-0.18%
CHE	D	-0.18%
VTOL	B	-0.18%
SSTK	F	-0.18%
HRB	D	-0.18%
KOP	C	-0.18%
PII	F	-0.16%
LNTH	D	-0.15%
MYGN	F	-0.12%